VOL. XL

No. 47

24-November-1997

BAHRAIN

BIB's $75Mn Revolving Credit Facility Goes To Syndication

Bahrain International Bank (BIB) announced last week that its 5-year $75mn standbyrevolving credit facility is about to go to syndication, lead-managed by Arab BankingCorporation, ANZ Bank and Emirates International Bank. The three banks will alsounderwrite the facility, which is due to be completed before the end of 1997. BIB saidthat the credit facility will enable it to take advantage of...